+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Marine Biotechnology - Global Market Trajectory & Analytics

  • ID: 4911755
  • Report
  • February 2022
  • Region: Global
  • 555 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Aker BioMarine AS
  • BioLume, Inc.
  • Cyanotech Corp.
  • Marinova Pty Ltd
  • Nutrex Hawaii Inc.
  • Prolume Ltd

Global Marine Biotechnology Market to Reach $5 Billion by 2026


Marine biotechnology deploys genetic engineering as well as different cultivation techniques for mass producing valuable marine compounds, all while ensuring that there is least negative impact to the precious marine ecosystem. Growth in the global market is set to be driven by driven by the rise of `circular economy`. Increasing use of marine ingredients in food, agriculture and cosmetic industries is fostering growth in the market. The global bioplastics and biopolymers market is increasingly looking towards new advances made in marine biotechnology to develop completely new class of biodegradable biopolymers. New research has revealed the ability to process crabs, shrimp, and prawn biowastes into naturally occurring biopolymers `chitin` and `chitosan`. The development of new ways to produce microbial energy and microbial energy conversion holds immense promise in utilizing available forest biomass inventory for generating electricity. Ongoing advances, emerging technologies like bio-processing and phenomics, and nutritional and sustainability benefits are expected to play a vital role in pushing overall adoption of microalgae in the food supplement and nutraceuticals industries. New discoveries and development of marine peptides will drive growth of peptide therapeutics in the coming years.

Amid the COVID-19 crisis, the global market for Marine Biotechnology estimated at US$3.7 Billion in the year 2020, is projected to reach a revised size of US$5 Billion by 2026, growing at a CAGR of 5.8% over the analysis period. Bio Active Substances, one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach US$1.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bio Material segment is readjusted to a revised 5.1% CAGR for the next 7-year period. Biotechnological tools and techniques play a vital role in cultivation and isolation of bioactive compounds found in seaweed. Bioactive marine compounds developed so far include Alkaloids, Lactones, Hydroxybenzene, Quinones, Peptides, Sterides, Aether, and Ketal.



The U.S. Market is Estimated at $1.1 Billion in 2021, While China is Forecast to Reach $481.8 Million by 2026


The Marine Biotechnology market in the U.S. is estimated at US$1.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$481.8 Million by the year 2026 trailing a CAGR of 9.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR. The US represents the largest market, backed by increasing emphasis on marine technology, and the huge investments in marine research centers that specialize in marine biotechnology. Growing demand for marine ingredients is also driving the market growth. Europe is also a major region, driven by increased support for collaborative projects to conduct research in marine biotechnology.

Bio Material Segment to Reach $2.1 Billion by 2026


Marine-derived polysaccharides hold enormous potential directly in the form of biomaterials. Given their amenability to chemical modification, marine-derived polysaccharides are capable of providing a higher degree of flexibility in designing products such as novel alginate co-polymers that hold enormous promise as drug delivery systems. In the global Bio Material segment, USA, Canada, Japan, China and Europe will drive the 5.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion in the year 2020 will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$202.6 Million by the year 2026.

Select Competitors (Total 62 Featured) -

  • Aker BioMarine AS
  • Aqua Bio Technology ASA
  • BASF SE
  • BioLume, Inc.
  • Biotech Marine
  • CP Kelco
  • Cyanotech Corp.
  • GlycoMar Ltd.
  • Lonza Group Ltd.
  • Marinova Pty Ltd
  • New England Biolabs Inc
  • NovaMatrix
  • Nutrex Hawaii Inc.,
  • oceanBASIS GmbH
  • PharmaMar S.A
  • Prolume Ltd
  • Royal DSM N.V
  • Sea Run Holdings, Inc.
  • SEPPIC
  • Tequesta BioVentures
Frequently Asked Questions about the Global Market for Marine Biotechnology

What is the estimated value of the Global Market for Marine Biotechnology?

The Global Market for Marine Biotechnology was estimated to be valued at $3.7 Billion in 2020.

What is the growth rate of the Global Market for Marine Biotechnology?

The growth rate of the Global Market for Marine Biotechnology is 5.1%, with an estimated value of $5.0 Billion by 2026.

What is the forecasted size of the Global Market for Marine Biotechnology?

The Global Market for Marine Biotechnology is estimated to be worth $5.0 Billion by 2026.

Who are the key companies in the Global Market for Marine Biotechnology?

Key companies in the Global Market for Marine Biotechnology include Aker BioMarine AS, Aqua Bio Technology ASA, BASF SE, BioLume, Inc., Biotech Marine, CP Kelco, Cyanotech Corp., GlycoMar Ltd. and Marinova Pty Ltd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Aker BioMarine AS
  • BioLume, Inc.
  • Cyanotech Corp.
  • Marinova Pty Ltd
  • Nutrex Hawaii Inc.
  • Prolume Ltd

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • While the Economy is Running Out of Money, Biopharma Research is Landing Big Bucks as the World Desperately Seeks Ways to Treat, & Stop the Covid-19 Spread: Increase in Market Cap of Top Pharma Companies Upto the Period Apr-20 (In US$ Billion)
  • Marine Biotechnology - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • A Prelude to Marine Biotechnology
  • Global Marine Biotechnology Market Set to Witness Rapid Growth
  • Developed Regions Dominate, Developing to Witness Fastest Growth
  • Biomaterials and Bi Active Substances Lead the Marine Biotechnology Market
  • Drug-Discovery: A Promising Outcome of Marine Biotechnology
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

  • Aker BioMarine AS (Norway)
  • Aqua Bio Technology ASA (Norway)
  • BASF SE (Germany)
  • CP Kelco (US)
  • Cyanotech Corp. (US)
  • GlycoMar Ltd. (UK)
  • Lonza Group Ltd. (Switzerland)
  • Marinova Pty Ltd (Australia)
  • New England Biolabs Inc (US)
  • NovaMatrix (Norway)
  • Nutrex Hawaii Inc., (US)
  • oceanBASIS GmbH (Germany)
  • PharmaMar S.A (Spain)
  • Prolume Ltd (US)
  • BioLume, Inc. (US)
  • Royal DSM N.V (Netherlands)
  • Sea Run Holdings, Inc. (US)
  • SEPPIC (France)
  • Biotech Marine (France)
  • Tequesta BioVentures (US)

3. MARKET TRENDS & DRIVERS

  • Industry Witnesses a Rise in Sea Farming Operations
  • Data Science and Big Data Step In to Simplify Marine Biotech Processes
  • Active Participation of Investors to Steer Marine Biotechnology Sector
  • Focus on Biofuels as the Future Energy Security Solution Drives Strong Demand
  • Global Biofuels Production in Thousand tonnes oil equivalent 2010-2018
  • Global Liquid Fuels Production by Source: 1997, 2017 and 2040
  • Innovative Technologies and Strategies Fuel Demand for Algal Fuel
  • Microbial Fuel Cells (MFCs) : An Emerging Area of Interest
  • Healthcare: A Fast Growing Avenue
  • Select Marine Bio-Products Commercially Available
  • Health-Promoting Benefits of Marine Algal Proteins
  • Sea Anemone Toxins: Opportunities in the Pharma Sector
  • Marine Worm: Potential Role in Medical Applications
  • Biopharmaceutical Companies Shift Focus to Marine Natural Products
  • Technology Advancements Aid Research Activities
  • Research Focus Entrenched on Marine Drugs
  • Select Marine Pharmaceutical Products - Development/Approval Status
  • Robust Clinical Pipeline to Support Growth
  • Anti-Cancer Drugs Dominate Drug Development Pipeline
  • Total Number of New Cancer Cases by Type: 2018
  • Cardiovascular Marine Products
  • Cardiovascular Marine Products by Marine Source
  • Number of Bioactive Marine Chemicals & Their Potential Applications by Therapeutic Area: 2019
  • Coral Reefs Offer Abundant Opportunities
  • Rise in Application of Seaweeds
  • Opportunity Indicator: Global Commercial Seaweeds Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
  • Marine Microalgae: Promising Potential in Varied Industries
  • Commercially Cultivated Marine Microalgae Species and their Applications
  • Major Applications of Marine Microalgae Biomass or their Extracts
  • Polysaccharides from Marine Microalgae Hold Significant Potential
  • Select Marine Microalgae Species Producing Polysaccharides
  • Carotenoids of Marine Origin Find Increased Application as Natural Colorants in Supplements and Foods
  • Major Commercially Available Carotenoids
  • Carotenoids of Marine Origin and Growing Opportunities in Cosmetics
  • Select Carotenoids and their Functional Benefits in Nutricosmetics Market
  • Research on Rise for Marine Ingredients for Bonding Applications
  • Partnerships: Vital for Development of Marine Biotechnology Research
  • Microalgae Biotechnology Set to Change Molecular Landscape of Agricultural and Industrial Practices
  • Algae-based High-Value Products
  • Growing Focus on Application in Bioplastics, Biopolymers and Bulk Chemicals
  • Biodegradation of Various Emerging Contaminants using Algae
  • R&D ACTIVITY IN MARINE BIOTECHNOLOGY - A REVIEW
  • Overview
  • R&D Initiatives, Programs & Research Priorities for Marine Biotechnology
  • A REVIEW OF END-USE MARKETS/APPLICATIONS
  • Consumer Products
  • Marine Biotechnology for Sustainable Production of Healthy Food Products
  • World Population by Geographic Region (2018-2050) (in Thousands
  • World Aquaculture Market (2016): Breakdown of Production Volume by Region (in ‘000 Tonnes)
  • Aquaculture
  • Marine Resources as Functional Food Ingredients
  • Health Benefits of Few Marine-derived Functional Food Ingredients
  • Marine-Derived Nutraceuticals
  • Major Marine Nutraceutical Products: A Glance
  • Cosmetics: A Important Growth Market
  • Focus Shifts to Sustainable Sourcing of Marine Ingredients in Cosmetics Industry
  • Marine Biotechnology Application in Industrial Processing
  • Marine Microbial Enzymes
  • Marine-Derived Biopolymers & Biomaterials
  • Marine Micro & Macro Algae
  • Chitin & Chitosan
  • Marine Bacteria
  • Extremozymes Hold an Edge
  • Marine-Derived Pharmaceuticals
  • Major Marine Sources for Drugs
  • Applications of Marine Products in the Pharmaceutical Industry
  • Key Challenges in Discovery of Marine-derived Drugs
  • Marine Biotechnology for Energy Supply
  • Marine Biotechnology for Protecting Marine Ecosystems

4. GLOBAL MARKET PERSPECTIVE

  • PRODUCT OVERVIEW

III. MARKET ANALYSIS

UNITED STATES

  • Marine Biotechnology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Covid-19 Induced Recession to Hamper Prospects in the Immediate Term
  • Emphasis on Marine Science Research to Keep Long-Term Prospects Intact
  • Rising Demand for Health Foods Drives Aquaculture Biotechnology
  • Policy Framework to Offer Support for Marine Biotechnology
  • Centres of Marine Biotechnology Research in the US
  • Market Analytics

CANADA

  • Market Overview
  • Market Analytics

JAPAN

  • Marine Biotechnology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview
  • Market Analytics

CHINA

  • Marine Biotechnology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Market Analytics

EUROPE

  • Marine Biotechnology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Promising Opportunities for Europe
  • Prospects for Blue Technology in Baltic Sea Region
  • Marine and Algae Oils Market in Europe: An Overview
  • A Distinct Identity for Marine Biotechnology: The Way Forward
  • Regulations Governing Marine Biotechnology in Europe
  • Market Analytics

FRANCE

  • Marine Biotechnology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Marine Biotechnology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Marine Biotechnology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Market Overview
  • Role of Marine Algal Biomass in Energy Sector
  • Market Analytics

SPAIN

  • Market Overview
  • Market Analytics

RUSSIA

REST OF EUROPE

  • Denmark
  • Iceland
  • Ireland
  • Norway
  • Market Analytics

ASIA-PACIFIC

  • Marine Biotechnology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Marine Biotechnology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
  • Market Overview

INDIA

  • Marine Biotechnology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Seaweed: A Lucrative Marine Product
  • Market Overview

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Marine Biotechnology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
  • Market Overview
  • Market Analytics

REST OF WORLD

IV. COMPETITION

  • Total Companies Profiled: 62
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Aker BioMarine AS
  • Aqua Bio Technology ASA
  • BASF SE
  • BioLume, Inc.
  • Biotech Marine
  • CP Kelco
  • Cyanotech Corp.
  • GlycoMar Ltd.
  • Lonza Group Ltd.
  • Marinova Pty Ltd
  • New England Biolabs Inc
  • NovaMatrix
  • Nutrex Hawaii Inc.
  • oceanBASIS GmbH
  • PharmaMar S.A
  • Prolume Ltd
  • Royal DSM N.V
  • Sea Run Holdings, Inc.
  • SEPPIC
  • Tequesta BioVentures
Note: Product cover images may vary from those shown